Pampa Energia (NYSE:PAM) Insider Damian Miguel Mindlin Sells 555,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Miguel Mindlin sold 555,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This trade represents a 4.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Damian Miguel Mindlin also recently made the following trade(s):

• On Thursday, April 9th, Damian Miguel Mindlin sold 57,500 shares of Pampa Energia stock. The stock was sold at an average price of $3.47, for a total transaction of $199,525.00.
• On Tuesday, March 31st, Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.57, for a total transaction of $1,785,000.00.
• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The stock was sold at an average price of $3.65, for a total transaction of $1,741.05.
• On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total transaction of $1,023,000.00.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total transaction of $1,480,050.00.

Pampa Energia Trading Down 3.3%

Shares of PAM stock opened at $81.71 on Friday. Pampa Energia S.A. has a 1 year low of $54.95 and a 1 year high of $94.50. The firm’s fifty day simple moving average is $83.49 and its 200 day simple moving average is $84.42. The firm has a market capitalization of $4.44 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The business had revenue of $573.00 million for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. As a group, sell-side analysts predict that Pampa Energia S.A. will post 9.69 EPS for the current year.

Institutional Investors Weigh In On Pampa Energia

A number of hedge funds have recently made changes to their positions in PAM. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia during the 2nd quarter worth about $37,000. NFJ Investment Group LLC bought a new stake in Pampa Energia during the 4th quarter worth about $104,000. Van ECK Associates Corp bought a new stake in Pampa Energia during the 3rd quarter worth about $139,000. Quantbot Technologies LP bought a new stake in Pampa Energia during the 3rd quarter worth about $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in Pampa Energia during the 4th quarter worth about $212,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PAM. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and lifted their target price for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. JPMorgan Chase & Co. lifted their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Pampa Energia presently has an average rating of “Hold” and a consensus target price of $103.83.

About Pampa Energia

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.